Despite varying deal structures and property types, lenders remain confident in the long-term fundamentals of the borough’s boutique residential areas.
Ariel Property Advisors (Ariel) announced that its Capital Services team has arranged a combined $24 million in financing for the acquisition of a portfolio of four townhouse properties across Brooklyn’s most sought-after neighborhoods including Cobble Hill, Boerum Hill, Park Slope and Williamsburg.
An Ariel team led by Senior Directors Matthew Dzbanek and Matt Swerdlow arranged the loans with one debt fund on behalf of the portfolio’s sponsor, who is planning a mix of condo conversions and townhouse renovations.
Included in the sale are Cobble Hill, a $4.44 million acquisition loan for a three-unit, 2,220-square-foot townhouse. Williamsburg, $4.61 million acquisition and construction loan for a 3,600-square-foot single-family townhouse. Boerum Hill, $10 million acquisition and development loan for a 10-unit townhouse project. Park Slope, $5 million acquisition loan for a 4-unit, 8,632-square-foot townhouse.
“These transactions demonstrate Ariel’s continued strength in securing financing solutions across Brooklyn’s prime brownstone neighborhoods,” said Dzbanek.
Each of the four properties is situated within established residential enclaves known for their historic architecture, proximity to multiple transit options, and sustained buyer demand. The deals highlight Ariel’s expertise in sourcing competitive capital for both private clients and developers investing in Brooklyn’s most active multifamily markets.
